Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Actuary Job Description

Job Descriptions November 8, 2013

Most graduates are looking for jobs that not only fit the degree they obtained, but also involve the factor of landing a challenging job and working in a challenging environment. For people who have a background in mathematics, business, and statistics, and are also looking for a job that will challenge them, taking a look at the Actuary Job description can be a good idea. It is a job that would both quench your thirst for something challenging and your interest in statistics and mathematics.

What is an Actuary?

An Actuary is a professional who tackles everything related to financial risk. They are professionals who are reliable in forecasting, assessing, planning, and advising on subjects involving future risks whether it is unforeseen or seen. They use their knowledge of the market, economic, and commercial principles in forecasting. Those who are planning to get this job are often employed by insurance companies, investment banks, pension funds, and other related financial companies.

The job of an Actuary entails applying their knowledge and developed interest in graph along with numbers, but using data related to the economic markets. Data is combined with probable trends and other external factors so that a result or forecast can be derived. Through the forecasts made by Actuary professionals, the probable cost of an event happening will be estimated. Their responsibilities also involve assisting insurance companies and clients, from both public and private sectors, in controlling major risks.

Duties and Responsibilities

•Analyze all statistical information obtained to know the estimated rate of accident, sickness, retirement, disability, and mortality.

•Determine the premium rates that are required, including the cash reserves and liabilities, to make sure that future benefits payments will be made.

•Collaborate with claims experts, programmers, underwriters, senior management, and accounts to be able to help companies in developing plans for new business lines or improving their business.

•Create probability tables involving certain events including natural disasters, fire and unemployment rates, using the gathered and analyzed statistical information and related data.

•Design, make reviews, and help in designing insurance, pension plans and annuity. Correspondingly, you will work in determining the soundness of financial plans, along with calculating the exact amount of premiums to be paid.

•Help in determining company policy and explaining technical matters that are complex to the company executives, shareholders, policyholders, public and government officials.

•Help in determining provisions on policy contracts in each kind of insurance.

•Explain to customers whenever there are changes made to the contract provisions.

•Manage credit.

•Provide clients with advice, but only on a contract basis and as a working consultant.

•Provide expertise in managing risks and maximizing returns related to credit offerings and investment products.

•Testify in court or before certain public agencies as an expert witness, when needed.

Searching Searching ...

Matching School Ads
1 Program(s) Found
  • Online bachelor's and master's level Business programs are available.
  • Courses are designed to teach practical business solutions, with a career-focused curriculum.
  • Students can study in areas such as business, applied management, and business administration.
  • Experienced professionals equip students with a working knowledge of marketing, financing, accounting, and sales.
  • Students who have graduated high school in or before 2015 are eligible to apply.
  • Online Courses
1 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
South University , Glen Allen
  • Program options include Accounting, Business Administration, Leadership, and more.
  • Curriculum focuses on developing leadership, critical thinking, problem-solving, and communication skills.
  • Programmatic accreditation by the Accreditation Council for Business Schools and Programs (ACBSP) at select campuses.
  • Business programs are available at many of the 11 campus locations across the United States.
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
2 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right Business Administration and Management, Accounting, Healthcare Administration, Marketing and Entrepreneurship Degree Program for YOU.
  • Affordable and Flexible Business Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect Business Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses
  • Program areas include Culinary Arts, Culinary Management, and more
  • Students are taught cooking styles from around the globe, including Classical European, Asian, and Latin cuisine
  • Curriculum designed to prepare students for a career as a chef, with course topics that include Culinary Techniques, Management by Menu, and Nutrition
  • Alumni have appeared in reality competition shows such as Top Chef
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
  • Gives students the opportunity to earn their associate’s degree in the culinary arts field in less than 15 months
  • Located in Norfolk and Newport News, Virginia.
  • Offers externship experiences to students for experience in the field.
  • Hosts regular career fairs for employer recruitment.
  • Has student housing available.

Searching Searching ...

Matching School Ads
2 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Online bachelor's and master's level Business programs are available.
  • Courses are designed to teach practical business solutions, with a career-focused curriculum.
  • Students can study in areas such as business, applied management, and business administration.
  • Experienced professionals equip students with a working knowledge of marketing, financing, accounting, and sales.
  • Students who have graduated high school in or before 2015 are eligible to apply.
  • Online Courses
1 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right Business Administration and Management, Accounting, Healthcare Administration, Marketing and Entrepreneurship Degree Program for YOU.
  • Affordable and Flexible Business Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect Business Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!